CBN says they Ordered 500 Million New Notes.

The Governor of the Central Bank of Nigeria CBN, GODWIN Emefiele, has said that a total of 500 million units of the newly redesigned currency notes were ordered from the minting company following complaints by the banking public that banks are not dispensing enough of the redesigned Naira notes.

Emefiele yesterday spoke through the deputy governor of the apex bank in charge of the Financial System Stability at the CBN, Aisha Ahmed, when appearing before the House of Representatives plenary session in Abuja at the instance of the lawmakers to brief them on the new monetary policies that had become controversial in some quarters.

He said that the timing for the implementation of the monetary policies especially the cash withdrawal limit was neither here nor there, adding that the 90 days notice in the estimation of the bank was enough to get Nigerians sensitized.

The governor of CBN however, informed that they are partnering with the National Orientation Agency NOA, and other similar bodies to fully create the needed public enlightenment on the new policies.